This Multifamily Property is no longer advertised on LoopNet.com.

2241 E Platte Ave
Colorado Springs, CO 80909
First Bid Meets Reserve | Value-Add Mixed-Use · Multifamily Property For Sale · 26 Units

Investment Highlights

  • First bid meets reserve.
  • Nestled in the Knob Hill suburb of Colorado Springs, a lively neighborhood with parks, shopping, entertainment, restaurants, and schools.
  • New buyer may also have the potential to convert the current build-out from 12 to 26 residential units to cater to full residential renter demand.
  • 2241 E Platte Avenue is home to Skyline Apartments, a 12-unit apartment building with 14 ground-level office and retail commercial units.
  • This investment opportunity presents immense value-add via renovations and upgrades leading to increased occupancy and rent.
  • Nearby are The Citadel Mall, Sunrise Square Shopping Center, UCHealth Memorial Hospital Central, Hillside Plaza at Memorial Park, and much more.

Property Facts

Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 26
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.71 AC
Building Size 16,127 SF
Average Occupancy 16%
No. Stories 2
Year Built 1953
Parking Ratio 2.11/1,000 SF
Zoning C-6
Parcel Number 64162-11-039
  • Listing ID: 29290523

  • Date on Market: 8/16/2023

  • Last Updated:

  • Address: 2241 E Platte Ave, Colorado Springs, CO 80909

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